The Team Helping PayPal Enter DeFi w/ Trident Digital - Flywheel #86
Flywheel DeFi · DeFi Dave, kapital_k
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Show Notes
In this week's episode, we have on Anthony DeMartino and Mason Vollum from Trident Digital. We were introduced to them, as they are facilitating stablecoin growth for Paypal's PYUSD, issued by Paxos. We wanted to bring them on the episode because of PYUSD's budding relationship with Frax. We learned a lot about the opportunities and difficulties of stablecoins in DeFi, the role of Trident, how they are planning to use stablecoins in Central and South America, and also how they think banks will have an "aha" moment about this new type of digital money in the next few years.
Chapters
00:00 Introduction
03:09 Anthony and Mason's Background and Experience
11:45 Their Transition to Crypto and DeFi
20:26 Trident's Lending Conduit and Stablecoin Advocacy
23:49 Trident's Relationship with Paxos and PayPal
27:45 PayPal's DeFi Strategy and Curve as Stablecoin Pricing Center
36:31 Frax's Place in the DeFi Stablecoin Ecosystem
43:24 Permissioned DeFi vs. DarkFi
48:03 CBDCs and the US Dollar
49:30 The Impact of CBDCs on Banking and Lending
50:29 CBDCs as a Standard for Stablecoins
52:21 The Evolution of Payment Systems
57:31 The Benefits of CBDCs and Standardization
58:27 The Impact of a Bitcoin ETF
01:09:10 Advice to Younger Self
01:10:04 Recommended Guest for Flywheel
1:12:02 Post Game